Equinox Gold (EQX) Gross Margin (2019 - 2026)
Equinox Gold (EQX) posted quarterly Gross Margin of 50.93% for Q1 2026, up 4385.0% year-over-year from 1.14% in Q1 2025, and up 1.38% quarter-over-quarter from 50.23% in Q4 2025.
Equinox Gold (EQX) Gross Margin (2019 - 2026) Analysis & Trends
Equinox Gold's Gross Margin history runs 8 years deep, the most recent figure standing at 50.93% for Q1 2026.
- In Q1 2026, Gross Margin rose 4385.0% year-over-year to 50.93%; the TTM figure through Mar 2026 stood at 41.64% (up 2457.0% YoY), while the FY2025 annual figure was 35.38%, up 1280.0% from the prior year.
- Gross Margin for Q1 2026 stood at 50.93%, up from 50.23% in the prior quarter.
- The five-year high for Gross Margin was 50.93% in Q1 2026, with the low at 3.64% in Q2 2024.
- The 5-year median for Gross Margin is 12.77% (2022), against an average of 19.61%.
- The sharpest annual moves came in 2022 and 2026: Gross Margin tumbled 1069 bps in 2022, then surged 4385 bps in 2026.
- Equinox Gold's Gross Margin stood at 7.57% in 2022, then surged by 71 bps to 12.96% in 2023, then surged by 106 bps to 26.66% in 2024, then surged by 88 bps to 50.23% in 2025, then increased by 1 bps to 50.93% in 2026.
- Business Quant data shows EQX's Gross Margin at 50.93% in Q1 2026, 50.23% in Q4 2025, and 34.2% in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Newmont | 136.03 Bn | 127.02 Bn | 4.03 Bn | 65.87% |
| 2 | Agnico Eagle Mines | 106.09 Bn | 102.63 Bn | 2.43 Bn | 63.79% |
| 3 | Barrick Mining | 77.15 Bn | 71.23 Bn | 2.90 Bn | 54.74% |
| 4 | Wheaton Precious Metals | 68.18 Bn | 68.08 Bn | 687.86 Mn | 74.03% |
| 5 | AngloGold Ashanti | 58.68 Bn | 55.85 Bn | 1.70 Bn | 54.86% |
| 6 | Gold Fields | 40.68 Bn | 38.90 Bn | - | - |
| 7 | Pan American Silver | 21.86 Bn | 20.29 Bn | 457,000.00 | 40.66% |
| 8 | Coeur Mining | 21.72 Bn | 20.67 Bn | 535.85 Mn | 49.36% |
| 9 | Royal Gold | 21.39 Bn | 21.20 Bn | 390.45 Mn | 86.66% |
| 10 | Equinox Gold | 10.18 Bn | -317,789.98 Bn | 301.70 | 39.19% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 50.93% |
| Dec 31, 2025 | 50.23% |
| Sep 30, 2025 | 34.20% |
| Jun 30, 2025 | 33.38% |
| Mar 31, 2025 | 7.08% |
| Dec 31, 2024 | 26.66% |
| Sep 30, 2024 | 23.67% |
| Jun 30, 2024 | 3.64% |
| Mar 31, 2024 | 4.72% |
| Dec 31, 2023 | 12.96% |
| Sep 30, 2023 | 8.85% |
| Jun 30, 2023 | 11.30% |
| Mar 31, 2023 | 6.19% |
| Jun 30, 2022 | 7.57% |
| Mar 31, 2022 | 12.77% |
| Sep 30, 2021 | 18.65% |
| Jun 30, 2021 | 18.26% |
| Mar 31, 2021 | 19.24% |
| Dec 31, 2020 | 38.04% |
| Sep 30, 2020 | 36.28% |